Sprouts Farmers Market LLC (SFM)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 258,856 | 261,164 | 244,157 | 287,450 | 149,629 |
| Total assets | US$ in thousands | 3,327,430 | 3,070,380 | 2,923,120 | 2,806,400 | 2,722,980 |
| ROA | 7.78% | 8.51% | 8.35% | 10.24% | 5.50% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $258,856K ÷ $3,327,430K
= 7.78%
The Return on Assets (ROA) of Sprouts Farmers Market Inc has shown some fluctuations over the past five years. The ROA was 7.78% as of December 31, 2023, which marked a decrease from the previous year's figure of 8.51% on January 1, 2023. Despite this decline, the company's ROA remained relatively stable compared to two years ago, where it stood at 8.35% on January 2, 2022.
However, a notable decrease in ROA was observed in the comparison with three years ago, when the ROA was at its peak at 10.24% on January 3, 2021. This suggests that the company's ability to generate profits from its assets has decreased over the past two years. On the other hand, there was a significant improvement in ROA when comparing to five years ago, on December 29, 2019, when the ROA was lower at 5.50%.
Overall, the trend in Sprouts Farmers Market Inc's ROA indicates some variability in the company's ability to efficiently utilize its assets to generate profits over the past five years, with fluctuations in performance levels observed during this period.
Peer comparison
Dec 31, 2023